SMCI Options History — May 2008

In May 2008, SMCI traded between $0.71 and $0.75. ATM implied volatility averaged 47.3%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 9.6% (HV 20d: 37.7%). Max pain ranged from $0.75 to $0.75. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-05-15: Highest Volume — 220 contracts
  • 2008-05-30: Largest IV drop — 13.0% change
  • 2008-05-02: Highest IV Rank — 32.5%
  • 2008-05-06: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.73$0.71$0.75$0.75$0.72
Max Pain$0.75$0.75$0.75$0.75$0.75
ATM IV47.3%40.0%52.8%51.8%41.6%
Expected Move13.6%11.5%15.6%14.9%11.9%
HV 20d37.7%17.5%85.7%85.7%18.2%
HV 60d55.8%55.5%56.1%55.8%55.5%
IV Rank25.5%16.3%32.5%31.2%18.3%
IV Percentile38.0%13.9%66.8%61.5%17.5%
Term Structure2.2%-4.3%8.1%2.0%6.8%
VWIV47.0%42.7%51.2%51.2%42.7%
Bid-Ask Spread %74.7335.9699.7497.9882.20
Gamma HHI0.580.500.890.570.59
Net GEX-120-566616616-543
Net DEX29.3K039.2K19.4K31.9K
Net VEX-207-3160-316-146
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume33.333022000
Total OI3,698.57103,9403,9403,910

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-05-01$0.75$0.7551.8%14.9%85.7%31.2%0.0%0.0%2.0%61619.4K-3160.0097.98002,7801,160
2008-05-02$0.73$0.7552.8%15.2%84.1%32.5%0.0%0.0%-0.4%37727.3K-2740.0099.74002,7801,160
2008-05-05$0.73$0.7550.3%15.1%83.4%29.2%0.0%0.0%-2.8%27529.8K-2640.0073.33002,7801,160
2008-05-06$0.73$0.7548.0%15.6%83.3%26.3%0.0%0.0%-4.3%24231.9K-2560.0075.31002,7801,160
2008-05-07$0.74$0.7552.6%15.1%84.0%32.1%0.0%0.0%-1.8%34325.8K-2760.0072.22002,7801,160
2008-05-08$0.75$0.7550.5%15.2%39.0%29.6%0.0%0.0%-3.2%35123.7K-2840.0072.37002,7801,160
2008-05-09$0.75$0.7550.8%14.7%37.1%29.9%51.2%0.0%-1.2%24425.3K-2700.0072.563002,7801,160
2008-05-12$0.75$0.7550.0%13.8%36.7%28.8%48.1%0.0%1.0%-11830.3K-2380.0067.732002,7701,160
2008-05-13$0.74$0.7547.7%14.4%26.0%26.0%0.0%0.0%1.5%-23832.6K-2350.0072.09002,7501,160
2008-05-14$0.74$0.7550.6%12.6%23.2%29.7%0.0%0.0%3.9%-51430.3K-2130.0071.31002,7501,120
2008-05-15$0.75$0.7546.0%13.2%20.0%23.8%46.0%0.0%3.1%-51330.9K-2190.0076.9902202,7501,120
2008-05-16$0.75$0.7546.7%13.4%18.1%24.7%0.0%0.0%3.1%-50031.0K-2190.0076.43002,7501,120
2008-05-19$0.74$0.7545.9%13.2%17.5%23.7%0.0%0.0%3.4%-5530.7K-1880.0077.57002,7501,020
2008-05-20$0.72$0.0045.6%13.1%20.5%23.3%0.0%0.0%4.1%0000.0035.9650000
2008-05-21$0.73$0.7545.5%13.0%19.7%23.1%0.0%0.0%3.9%-22432.2K-1730.0071.37002,8001,020
2008-05-22$0.73$0.7544.3%12.7%19.7%21.7%0.0%0.0%4.3%-32633.8K-1750.0069.94002,8001,020
2008-05-23$0.73$0.7542.1%12.1%19.7%18.9%0.0%0.0%6.9%-42334.6K-1610.0066.08002,8001,020
2008-05-27$0.72$0.7540.0%11.5%19.5%16.3%0.0%0.0%8.1%-56639.2K-1470.0068.4519002,8001,020
2008-05-28$0.72$0.7543.0%12.3%18.5%20.1%42.7%0.0%6.1%-51038.3K-1470.0081.6514002,8001,020
2008-05-29$0.71$0.7547.9%13.7%18.0%26.2%0.0%0.0%0.8%-44336.4K-1390.0088.095002,8401,020
2008-05-30$0.72$0.7541.6%11.9%18.2%18.3%0.0%0.0%6.8%-54331.9K-1460.0082.20002,8901,020